Wave Systems Corp. (fka WAVXQ)

[Fullmoon]

FILER: WAVE SYSTEMS CORP
TITLE: Beneficial Owner
BROKER: ADAMS HARKNESS & HILL INC
RESTRICTED SHARES TO SELL: 737,300 DATE REGISTERED: 01/26/04
APPROXIMATE DATE OF SALE: 01/20/04

The Form 144 is filed with the Securities and Exchange Commission to
reflect the intention of any holder of restricted stock to sell those
shares. After the 144 is mailed to the S.E.C., the filer is permitted
to sell the shares, or any fraction of them, within 90 days.